13 Apr 2009 12:42 PM:

is Ocean View avoided administration then?
Why would you want to complete ?
I also hear some people who used to work at OV are getting clients transfered off manilva into other distressed stock.

 

 

Community thread: Gardens of Manilva Finished - so what's everyone decided to do?

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24 Feb 2009 3:17 PM:

it depends it seems on having a bank guarantee or indemnity policy which I was told the money was bank guranteed however, it seems that was total crap.....anyone else have that experience or agree/ disagree??

Community thread: Gardens of Manilva Finished - so what's everyone decided to do?

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23 Feb 2009 8:42 PM:

But if the developer is/has/will go bust how do you expect to get back any money?

If they do not have any, they cannot pay so are you then wasting money on legal costs?

Am I right in thinking the bank will step in at some point......I mean the developer owns the land (or we do) so that would be an asset that could be sold right?

Maybe that is a way to get compensation.

Community thread: Gardens of Manilva Finished - so what's everyone decided to do?

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03 Feb 2009 3:48 PM:

it sound slike if you cancel you will lose half if not all your money.

Community thread: Gardens of Manilva Finished - so what's everyone decided to do?

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02 Feb 2009 3:47 PM:

I was also on a guaranteed rent scheme........I think we should all get a document with our names on it, writing to the lawyer who acts for developer, and suggest ways of moving forward. If we all collectively do this we may get big discounts (economies of scale and all that)...........we can also try to either protect our investments by making sure we are all okay as apposed to having sporadic ownership there as the values will not appreciate if the site is not looked after etc.

 

I am very open to other approaches / ways forward. If the bank is supposed to step in when the developer goes bust, surely we get 50% of our money back as per contract?

Still cannot believe we cannot do them for breach and that the banks will not support our claims.

Community thread: Gardens of Manilva Finished - so what's everyone decided to do?

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